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G.S.L. Law & Consulting Limited

 
Action Date:
Monday, 15 December, 2014
Category:
Enforcement Action:
Enforcement Summary:
A warning was issued to G.S.L. Law Consulting Limited for its contraventions of the following sections of the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008 (AMLTF Code): section 11(3)(e) for failing to ensure that money laundering and terrorist financing risks are assessed and mitigated; section 11(3)(i) for failing to implement measures to adequately meet recordkeeping and reporting requirements and provide for timely updates in response to changes in legislation; section 11(3)(j) for failing to implement risk-based customer due diligence policies, processes and procedures; section 11(3)(k) for failing to provide additional controls for higher risk customers, transactions and products; and section 11(3A) for failing to carry out internal testing.
Matter ID:
BF101113/210